Floyd Mayweather Jr. stripped of WBO welterweight title after 'failing to comply' with rules and regs

Easy come, easy go.

Undefeated boxing icon Floyd Mayweather Jr. will say goodbye to the WBO welterweight title he won by defeating Manny Pacquiao last May in Las Vegas, Nevada, after failing to comply with the rules and regulations set forth by the organization.

Simply put, boxers under the WBO umbrella are prohibited from holding world titles in multiple weight classes, a rule that hasn't been enforced by WBC and WBA when it came to "Money," but WBO wasn't going to back down and even gave the Mayweather team two months to comply.

They didn't and as a result, Floyd will no longer be recognized as the WBO champ.

"It's a complete disgrace," Mayweather Promotions CEO Leonard Ellerbe told ESPN.com. "Floyd will decide what, or if any, actions he will take. But in the meantime, he's enjoying a couple of hundred million he made from his last outing and this has zero impact on anything he does."

Ellerbe is not posturing (proof).

Mayweather has been trolling fans of the "sweet science" ever since his win over "Pac Man." After revoking his offer to rematch the ailing Filipino, "Money" went after Oscar De La Hoya and promised to shut down "The Golden Boy" amid rumors of a potential comeback.

Expect the 38-year-old pugilist to return to the ring this fall.